Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
NEW YORK NBC Universal posted weakened first-quarter results as continuing strength at its cable networks was outweighed by advertising woes and a weaker DVD showing.
NBCU parent General Electric on Friday said its first-quarter profit fell 35 percent and its revenue declined 9 percent.
NBCU outperformed that on the revenue line with a 2 percent drop, but its segment profit decrease was more pronounced at 45 percent.
“While cable continued to deliver double-digit growth, NBC Universal had a tougher performance overall due to a soft advertising market and fewer major DVD releases compared to a year ago,” GE chairman and CEO Jeff Immelt said.
GE’s
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in